Chubb Limited (NYSE:CB) Shares Bought by Connors Investor Services Inc.

Connors Investor Services Inc. increased its stake in Chubb Limited (NYSE:CB) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,863 shares of the financial services provider’s stock after purchasing an additional 705 shares during the quarter. Chubb comprises about 1.8% of Connors Investor Services Inc.’s portfolio, making the stock its 14th biggest holding. Connors Investor Services Inc.’s holdings in Chubb were worth $17,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital World Investors grew its position in Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Capital Research Global Investors raised its position in Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after buying an additional 2,064,730 shares during the period. Lazard Asset Management LLC lifted its stake in Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after acquiring an additional 457,881 shares in the last quarter. Raymond James & Associates boosted its position in Chubb by 2.9% during the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after acquiring an additional 87,059 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its position in Chubb by 0.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock worth $609,880,000 after acquiring an additional 24,323 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods boosted their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. JMP Securities raised their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Finally, Roth Mkm raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $274.70.

Insider Buying and Selling

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders sold a total of 94,836 shares of company stock valued at $27,055,900 over the last ninety days. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

NYSE:CB opened at $291.32 on Tuesday. The firm’s 50-day moving average is $273.16 and its 200-day moving average is $262.30. The company has a market cap of $118.29 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 5.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a 52-week low of $204.15 and a 52-week high of $294.18.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the company posted $4.92 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.